New life for Eclipse

A South Carolina entrepreneur is leading a group that is bidding $40 million to buy bankrupt Eclipse Aviation.

According to a story by John McDermott in the Charleston Post and Courier, Mason Holland Jr. is “looking to turn a stinging loss on an aircraft deal into a high-flying gain.”

Eclipse Aerospace Inc. hopes to finalize its acquisition of failed Eclipse Aviation Corp. of Albuquerque, N.M., by Aug. 31, he said. The offer includes $20 million in cash. A hearing on the sale is set for Thursday (Aug. 20) in Wilmington, Del.